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1. Garden Variety Flower Shop uses 1000 clay pots a month. The pots are purchased at $3 each. Annual carrying costs per pot are estimated to be 25% of cost, and ordering costs are $25 per order. a. Determine the economic order quantity. b. Compute the total cost of ordering and carrying clay pots. c. If the manager has been using an order size of 2,000 pots, how much can be saved per year by improving the inventory policy?
Discuss the strategic importance of layout decisions.
Explain the method of job evaluation. Method of job evaluation: Following are the methods wherein job evaluation is done:- a) Ranking method. b) Classification method.
How must organisations have the flexibility to demand occur? Forecasting demand can be complicated and unreliable into an uncertain environment. Therefore a balance requires to
what are the objectives that an operation should seek in order to ensure a good layout?
According to Macintosh (2007), the greatest challenge facing modern managers is to raise the quality and productivity of service work. Or Many prominent managerial authors argue th
Secondary data are the facts and figures that are newly collected for the project at hand. facts and figures obtained by watching people mechanically rather than in person.
Product contamination is a catastrophic event, both for the organization at fault and for the victims. Cases of product contamination frequently make the news. Find an example o
The following is a table of activities associated with a project at Bill Figg Enterprises, their durations and what activities each must precede: Activity Duration (weeks) Precedes
techniques & applicationa
1. A company hires a file clerk but does not inquire into his criminal history. In fact, he has had several convictions for driving while intoxicated. On a lunch break, he gets dru
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